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if you look at the chart, you can see that the most income from our taxes come from individual taxes. the third bar is corporate taxes and you can see the 7.9%. now, we have about $200 billion from corporate taxes. that is how much our government received from corporations. that was for prfits in the year 2011. $2 trillion. if you can figure it out, that's a 10% tax rate. in other words, there are so many deducons and special deals for the high rollers, the big people. even at 35%, we don't get a good deal. neil: mitt romney got in trouble when he tried to clarify just that view. but i'm not going to lower taxes as much as you think, i'm going to get rid of a lot of deductions and he left himself open to critics who said wait a minute, you were tax cuts are worth the paper they are printed on. but the goal is to get to a simpler tax code that when you takout some of the extraneous write-offs and allowances, credits, etc., and that he will get it something that makes it a black-and-white case,. >> and there is a question which is why don't politicians wanted. you would assume that they
if you look at the chart, you can see that the most income from our taxes come from individual taxes. the third bar is corporate taxes and you can see the 7.9%. now, we have about $200 billion from corporate taxes. that is how much our government received from corporations. that was for prfits in the year 2011. $2 trillion. if you can figure it out, that's a 10% tax rate. in other words, there are so many deducons and special deals for the high rollers, the big people. even at 35%, we don't get...
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Oct 4, 2012
10/12
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he would repeal the alternative minimum tax and permanently repeal the estate tax. the nonpartisan tax policy center concluded that mitt romney's tax plan would cost $4.8 trillion over ten years. romney said again tonight that his plan would be paid for, but to pay for those cuts, he would have to close loopholes in the tax code and get rid of some tax deductions, he said, and credits, but he's repeatedly refused to say which deductions he would get rid of saying that he would work with congress to make those decisions. also tonight president obama said his plan would cut the deficit by $4 trillion. >> we all know that we've got to do more, and so i put forward a specific $4 trillion deficit reduction plan. it's on a website. you can look at all the numbers, what cuts we make and what revenue we raise. >> reporter: that estimate comes from the left-leaning center on budget and policy priorities. $3.8 trillion, to be exact, over ten years. the president is counting money saved by letting the bush tax cuts expire for people making more than $250,000 a year, but he's a
he would repeal the alternative minimum tax and permanently repeal the estate tax. the nonpartisan tax policy center concluded that mitt romney's tax plan would cost $4.8 trillion over ten years. romney said again tonight that his plan would be paid for, but to pay for those cuts, he would have to close loopholes in the tax code and get rid of some tax deductions, he said, and credits, but he's repeatedly refused to say which deductions he would get rid of saying that he would work with...
WHUT (Howard University Television)
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Oct 7, 2012
10/12
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WHUT
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and obviously a little more personals on taxes and promise the. >> yeah. you have been a team now for 25 years. >> right. >> the most successful team, i would say, since huntly brinkley whom you don't remember. i g-running team. very successful. what's next for you as journalists? >> i think that making that transition into english language and being able to reach all audiences and what i mean is not only hispanics that speak english but all audiences, to understand who we are. i think to elevate the position of latinos in this country and the role of latinos in this society is something that we sort of take on as a mission. >> to stay relevant it's very challenging right now to stay relevant when you have the internet, when you have social media. it's very difficult that your voice stays relevant and nothing gets lost among the noise. i think that's one of the most important things. and finally it has to do with trust. after 25 or 30 years if we say something and people trust what we say, that's the best a zblard maria and george, this has been a pleasure
and obviously a little more personals on taxes and promise the. >> yeah. you have been a team now for 25 years. >> right. >> the most successful team, i would say, since huntly brinkley whom you don't remember. i g-running team. very successful. what's next for you as journalists? >> i think that making that transition into english language and being able to reach all audiences and what i mean is not only hispanics that speak english but all audiences, to understand who...
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Oct 5, 2012
10/12
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WJLA
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the real mitt romney's been running around the country for the last year, promising $5 trillion in tax cuts that favor the wealthy. >> reporter: obama campaign advisers were even more blunt, accusing romney of being dishonest on the debate stage. but some of the president's supporters and liberal pundits are baffled by what they saw as a passive performance. >> i felt like he should have been more aggressive. >> i don't know what he was doing out there. he had his head down. he was enduring the debate, rather than fighting it. >> reporter: president obama could have new worries today when the monthly job numbers come out. economists predicted the unemployment rate could go from 8.1% to 8.2%. >> critical numbers. tahman bradley live for us. thanks, tahman. >>> and one other campaign note this morning. a film dramatizing the raid that killed osama bin laden will make its debut just two days before the election. the national geographic channel denies there was any political motivation. it says the air date was chosen to kick off the fall season. >>> american airlines is cancelling or dela
the real mitt romney's been running around the country for the last year, promising $5 trillion in tax cuts that favor the wealthy. >> reporter: obama campaign advisers were even more blunt, accusing romney of being dishonest on the debate stage. but some of the president's supporters and liberal pundits are baffled by what they saw as a passive performance. >> i felt like he should have been more aggressive. >> i don't know what he was doing out there. he had his head down....
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raising taxes on the average family by up to $2000 dollars. while giving a tax break of $250,000 dollars to multi-millionaires. doesn't mitt romney understand, we can't rebuild america...by tearing down the middle class. priorities usa action is responsible for the content of this advertising. >>> right now, we continue to follow breaking news on news 4 midday. the fbi is investigating an early morning shooting that killed a border patrol agent and injured another in arizona. it happened near the u.s./mexico border. the wounded agent was air lifted to the hospital and is expected to survive. >>> president obama and mitt romney are preparing for their first debate. the president is in nevada. his rival in denver, where tomorrow's debate will take place. runni innin inning mates come p battleground states. paul ryan wrapped up an event in clinton, iowa. s american airlines customers are dealing with unhappy pilots. seats broke mid flight. >> the passenger seats came loose out of the floor. >> eight planes grounded after three incidents where an
raising taxes on the average family by up to $2000 dollars. while giving a tax break of $250,000 dollars to multi-millionaires. doesn't mitt romney understand, we can't rebuild america...by tearing down the middle class. priorities usa action is responsible for the content of this advertising. >>> right now, we continue to follow breaking news on news 4 midday. the fbi is investigating an early morning shooting that killed a border patrol agent and injured another in arizona. it...
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Oct 4, 2012
10/12
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FOXNEWS
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on top of the extension to the bush tax cuts. >> i don't have a $5 trillion tax cut. i don't have a tax cut. of a scale that you're talking about. i will not reduce the share paid by high income individuals. i know that you and your running mate keep saying that and i know it's a popular thing to say with a lot of people burks it's just not the case. look, i got five boys, i'm used to people saying something that's not always true. >> health care, romney was on offense, touting what he passed in massachusetts as an example of a bipartisan compromise and a model for the whole country at the state level. >> we've seen this model work really well. in massachusetts because governor romney did a good thing, working with democrats in the state to set up what is essentially the identical model. >> i like the way we did it in massachusetts. entirely on a partisan basis instead of bringing america together and having a discussion at this important topic, you pushed through something that you and nancy pelosi and harry reid thought something was the best answer and drove it thr
on top of the extension to the bush tax cuts. >> i don't have a $5 trillion tax cut. i don't have a tax cut. of a scale that you're talking about. i will not reduce the share paid by high income individuals. i know that you and your running mate keep saying that and i know it's a popular thing to say with a lot of people burks it's just not the case. look, i got five boys, i'm used to people saying something that's not always true. >> health care, romney was on offense, touting what...
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Oct 5, 2012
10/12
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the number on his tax cut is $5 trillion. because he's talking about a 20% cut in marginal rates, eliminating the alternative minimum tax, estate tax and other deductions, $480 billion a year, $5 trillion over ten years, that's the number. then he says, you know, every day for the last 18 months, i've been talking about repealing every aspect of obama care, but actually i didn't mean it. well it's too late for that. if you repeal obama care across the board, that means that kids can no longer stay on their parents' coverage through age 26, it means that we can go back to a system of denying coverage for preexisting conditions, it means that seniors again are back on to co-pays larger co-pays as it relates to prescription drugs, and on dodd/frank, he's been saying he wants to repeal dodd/frank, andrea, every day for the last 18 months, repeal every aspect of it. dodd/frank of course is the bill that reregulated the financial system after the credit market collapsed, the catastrophic collapse of 2008. so does anybody really wan
the number on his tax cut is $5 trillion. because he's talking about a 20% cut in marginal rates, eliminating the alternative minimum tax, estate tax and other deductions, $480 billion a year, $5 trillion over ten years, that's the number. then he says, you know, every day for the last 18 months, i've been talking about repealing every aspect of obama care, but actually i didn't mean it. well it's too late for that. if you repeal obama care across the board, that means that kids can no longer...
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Oct 2, 2012
10/12
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lie payroll tax cuts by obama. this is the end for businesses and the child tax credit and college tuition credit chooses the alternative minimum tax and related to president owe bam paw's healthcare law. the spending cuts agreed upon as part of last year's debt ceiling deal will go into effect including major cuts in medicare and defense. they are reportedly working on strategies to deal with the issue even if they come up with a plan of attack don't expect there to be any real negotiations on this until after the presidential election. >> always of the election. we need that help now. >>> it is now 47 after the top of the hour. the bizarre seating situation at american airlines could be more widespread that n we first thought. we will have a live report coming up. >>> after a sharp drop in absentee ballots by the nation's members of the military is the pentagon doing much to help the votes next year? we will read your e-mails to find out. good morning, brian. >> good morning to you. it will be unusual. pregame sh
lie payroll tax cuts by obama. this is the end for businesses and the child tax credit and college tuition credit chooses the alternative minimum tax and related to president owe bam paw's healthcare law. the spending cuts agreed upon as part of last year's debt ceiling deal will go into effect including major cuts in medicare and defense. they are reportedly working on strategies to deal with the issue even if they come up with a plan of attack don't expect there to be any real negotiations on...
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Oct 4, 2012
10/12
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i will lower taxes on middle income families. >> he's going to get rid of the estate tax, mr. mayor, which aims directly at the top rate. the people who have a quarter million bucks and want to leave it to their kids. it's nor the very rich. he wants to lower the top rate from 35% to 28% for the richest people in the country. he wants to take the corp rate rate from 35% to 25%. >> clearly at that stage mr. obama should have turned to him and said you are not telling the american people the truth. just as he did today in denver when he said he wasn't telling the truth. he should have looked him in the eye and said mitt romney, you are not telling the american people the truth. and then proceed to walk through as clinton would have done the mathematics to prove it. i don't think romney would have been smart enough to figure out how to get out of that hit, but obama ignored that opportunity and i think that's a mistake. joan, you're correct. he will everywhere he goes, he will save the day and correct what he didn't do last night, but 58 million people will not be able to be cont
i will lower taxes on middle income families. >> he's going to get rid of the estate tax, mr. mayor, which aims directly at the top rate. the people who have a quarter million bucks and want to leave it to their kids. it's nor the very rich. he wants to lower the top rate from 35% to 28% for the richest people in the country. he wants to take the corp rate rate from 35% to 25%. >> clearly at that stage mr. obama should have turned to him and said you are not telling the american...
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Sep 30, 2012
09/12
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the crowd angry about tax hikes and spending cuts among the 17 nations and the euro currency. >> and china, that flying fire, just part of the drill, but a pretty intense one. the exercise focusing mainly on island dissent. and participants, both military and civilian. >> ukraine, an enormous gathering in the capital city for a morning exercise routine, young and old, stretching and flexing, following the lead of a group of actors on stage. that's a wrap on this fox trip around the world in 80 seconds. an earthquake in part of the country where maybe you wouldn't expect it, tonight we're hearing from the people who felt it. and bears, really? do i have to say anything else? they're so cute. hmmm, this one is hungry. and invading one suburban neighborhood. [ mother ] you can't leave the table till you finish your vegetables. [ clock ticking ] [ male announcer ] there's a better way... v8 v-fusion. vegetable nutrition they need, fruit taste they love. could've had a v8... when the doctor told me that i could smoke for the first week... i'm like...yeah, ok... little did i know that one
the crowd angry about tax hikes and spending cuts among the 17 nations and the euro currency. >> and china, that flying fire, just part of the drill, but a pretty intense one. the exercise focusing mainly on island dissent. and participants, both military and civilian. >> ukraine, an enormous gathering in the capital city for a morning exercise routine, young and old, stretching and flexing, following the lead of a group of actors on stage. that's a wrap on this fox trip around the...
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Oct 5, 2012
10/12
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is trying to neutralize the attack, over his comments regarding 47% of americans not paying income tax. this is a view he now disavows. >> sometimes you say something completely wrong. >> reporter: only three weeks he says the comments were not elegantly stated. now he disavows the comments, perhaps in time for the debate when president obama is expected to be ready for attack. >> thank you. >>> sue herrera has visited us from cnbc headquarters today here in our studios, by the way, the markets reacted in a big way today as job news, stocks closed at the highest level today in nearly five years, as you sue, know, all too well. what does it mean? >> i think it was a good report in one sense in that the economy is continuing to add jobs, but it was not a great report. we need to continue to see better numbers than this. 150 or 200,000 new jobs created for the next few months to get us back to levels of much better unemployment. it is a start but not a good report. >> as we saw in andrea's set-up piece, the combination of the retired executive with the twitter account made some trouble fo
is trying to neutralize the attack, over his comments regarding 47% of americans not paying income tax. this is a view he now disavows. >> sometimes you say something completely wrong. >> reporter: only three weeks he says the comments were not elegantly stated. now he disavows the comments, perhaps in time for the debate when president obama is expected to be ready for attack. >> thank you. >>> sue herrera has visited us from cnbc headquarters today here in our...
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you can't say you are going to reduce the deficit, give tax cuts to the upper class, and not raise taxes on the middle class, when he said he doesn't want to do this when he has been talking about it for the last 18 months and when he has had a lot of groups say this will cost $5 trillion and the middle class will end up paying for a lot of it, through cuts in programs it was a surreal moment. >> jamal: i was joking before you came on, that you are one of the few places where george soros decided to give money, but what does american bridge do? >> american bridge is a super pac, but we're a little bit different than what people might consider a super pac. we focus on political research candidate tracking and communications. and what we do is we provide content to other pacs so that they can do their polling and paid advertisement and mail and so on and so forth. so we are in -- we are in elections all across the country, of course, the president, but also battleground senate races and house races across the country. just working with the community to make sure they have the content that
you can't say you are going to reduce the deficit, give tax cuts to the upper class, and not raise taxes on the middle class, when he said he doesn't want to do this when he has been talking about it for the last 18 months and when he has had a lot of groups say this will cost $5 trillion and the middle class will end up paying for a lot of it, through cuts in programs it was a surreal moment. >> jamal: i was joking before you came on, that you are one of the few places where george soros...
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Oct 3, 2012
10/12
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lana tweeted us i would like to hear the 20 percent tax plan of romney and ryan. they need to give up some specifics. >> mike said i would like for them to sincerely answer our questions and not go off on their political talking points. that's a good one, mike. >> thanks everyone who responded keep those comments coming. don't forget fox's coverage starts live at 8:55 with megyn kelly and bret baier. we will have all of the highlights here on fox and friends first tomorrow morning. >>> 8 minutes to the top of the hour. a dog finding himself in an unwanted joy ride. how he became stuck under the hood. >> can you figure out our word of the day? stick around for the answer. we sa that last tide commercial with the parts and the cute litt baby triplets... well wait until your triplets move back home after colle. we were enjoying our empty nest. and now it's just a nest full of laundry lucky underwear. we were going through so much of that bargain detergent... and the clothes didn't look as good. but since we switched to tide, we use much less. their clothes are lookin
lana tweeted us i would like to hear the 20 percent tax plan of romney and ryan. they need to give up some specifics. >> mike said i would like for them to sincerely answer our questions and not go off on their political talking points. that's a good one, mike. >> thanks everyone who responded keep those comments coming. don't forget fox's coverage starts live at 8:55 with megyn kelly and bret baier. we will have all of the highlights here on fox and friends first tomorrow morning....
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moreover the next six weeks, and over and over again, you will hear my opponents talking about how bigger tax cuts and fewer regulations and that's the way to go, and since government can't do anything, it should do almost nothing. if you can't afford health care, then hope you don't get sick is their theory. if you can't afford college, borrow money from your parents. you know what? that's not who we are. i don't think government can solve all of our problems, but government is not the source of all of our problems, either. there's stuff we can do together. instead of blaming, immigrants, unions or gays or somebody for what is going on, what we need to do is pull together. we're all in this together. we believe that america only works when we all accept responsibility for ourselves and for our each other. that's how we create -- >> mr. obama will be on the road through wednesday's first presidential debate. mitt romney heads to colorado tomorrow where he will hold a rally and continue his preparations for wednesday's showdown in denver. he went to church this morning outside boston but held
moreover the next six weeks, and over and over again, you will hear my opponents talking about how bigger tax cuts and fewer regulations and that's the way to go, and since government can't do anything, it should do almost nothing. if you can't afford health care, then hope you don't get sick is their theory. if you can't afford college, borrow money from your parents. you know what? that's not who we are. i don't think government can solve all of our problems, but government is not the source...
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Sep 30, 2012
09/12
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WETA
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>> such as reforming social security, medicare, higher taxes, lower taxes? >> yes. and on the table are all sorts of things that many people value a great deal and we may not be able to afford anymore. so should we have deductibility for second home mortgages? should we have deductibility for high-cost homes? should we have health insurance coverage provided by employers continue to be deductible? if so, for whom, should it be for all? and should we raise the age of entitlement, if so, to what level?" when someone says that about social programs, i want to also hear the answer to the question, "what are you doing with military spending? and how do you justify the tradeoff? we've gotta get the revenue someplace. where are you willing to cut? and if not, why not? when you're putting really valued things on the table. and simply saying that the wealthy are going to pay more doesn't solve the problem. the wealthy are going to need to pay more, but so is what most people define as the middle class, and there are going to be cuts across the board, including the military,
>> such as reforming social security, medicare, higher taxes, lower taxes? >> yes. and on the table are all sorts of things that many people value a great deal and we may not be able to afford anymore. so should we have deductibility for second home mortgages? should we have deductibility for high-cost homes? should we have health insurance coverage provided by employers continue to be deductible? if so, for whom, should it be for all? and should we raise the age of entitlement, if...
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Oct 8, 2012
10/12
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been using a study by princeton economist harvey rosen to back up that romney's plan is paid for by tax cut on middle class but there was pushback from rosen saying he was misrepresented, saying increase in the tax burden on lower and middle income individuals is not required in order to make the overall plan revenue neutral. >> he would be the first to say this is not a monument to one man. >> under backdrop in california today, the president held an official event designating the chavez national monument that may help rally hispanic voters. new politico, george washington university battleground tracking poll of likely voters shows president may have an intensity problem. only 73% support him say they are extremely likely to vote compared to 86% who back romney. >> they know the race has tightened. >> bret: ed henry traveling with the president in california. ed thanks. >>> we are less than a month away from election day. much of the country is already taking part in early voting. we are taking our weekly look at how the electoral college map is shaping up. joining me again today are
been using a study by princeton economist harvey rosen to back up that romney's plan is paid for by tax cut on middle class but there was pushback from rosen saying he was misrepresented, saying increase in the tax burden on lower and middle income individuals is not required in order to make the overall plan revenue neutral. >> he would be the first to say this is not a monument to one man. >> under backdrop in california today, the president held an official event designating the...